CarMax, Salesforce, Coinbase and more
Check out the companies making headlines in premarket trading.CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully pricing in the risks surrounding the company and hope for a recovery looks “premature.” CarMax fell 53% in 2022 but has risen 18% since its disappointing quarterly […]
AMC Entertainment, Tesla, Micron, Under Armour and more
Pedestrians pass in front of an AMC theater in New York.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading.AMC Entertainment — Shares plummeted 7.4% after the company proposed a reverse stock split and announced a new $110 million capital raise in an attempt to minimize its debt load. Shares of its preferred […]
CarMax, Micron, Under Armour and others
Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer’s stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. CarMax earned 24 cents per share, compared with a consensus estimate of 70 cents, and its comparable used-vehicle sales were down 22.4% versus FactSet’s […]